Axalta Coating Systems Reports Record 2024 Financial Results

Axalta Coating Systems ( (AXTA) ) has released its Q4 earnings. Here is a breakdown of the information Axalta Coating Systems presented to its investors.

Axalta Coating Systems is a leading global company in the coatings industry, providing innovative and sustainable solutions across multiple sectors including automotive, refinish, and industrial applications. With over 150 years of experience, Axalta serves a diverse range of customers in more than 140 countries.

Axalta Coating Systems recently announced its financial results for the fourth quarter and full year of 2024, revealing record net sales and significant improvements in profitability metrics. The company reported a substantial increase in net income for both the quarter and the full year, driven by favorable pricing, cost management, and strategic initiatives.

For the fourth quarter of 2024, Axalta achieved record net sales of $1.3 billion and a notable 85% increase in net income to $137 million. Adjusted EBITDA for the quarter reached $275 million, and diluted earnings per share saw a 91% rise to $0.63. The company also highlighted its successful debt reduction efforts and maintained strong liquidity with $593 million in cash and cash equivalents.

On an annual basis, Axalta reported record full-year net sales of $5.3 billion and a 45% increase in net income to $391 million. Adjusted EBITDA for the year was recorded at $1,116 million, reflecting a 17% improvement from the previous year. The company’s strategic focus on its core operations and successful integration of acquisitions contributed to these positive results.

Looking ahead, Axalta’s management remains focused on delivering consistent financial performance and executing on strategic initiatives outlined in its 2026 A Plan. The company continues to prioritize innovation and operational excellence to sustain its growth trajectory in the coatings market.